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grace period
(redirected from Grace Periods)

   Also found in: Medical, Legal, Financial, Wikipedia 0.02 sec.
grace period
n.
1. A period in which a debt may be paid without accruing further interest or penalty.
2. A period in which an insurance policy is effective even though the premium is past due.


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HHS is encouraging states to provide similar grace periods.
Most banks charge interest on cash advances, which are not covered by grace periods.
We need long-term loans with longer grace periods rather than low interest rates.
 
 
 
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